This early prototype of the automated teller machine (ATM) was displayed for the first time at the American Bankers Association annual meeting in San Francisco, California on October 25, 1966. Banks of the future may have "tellers" installedin office and apartment house lobbies. Richard Glyer demonstrates how to deposit a check in one. Through automation he can talk to a teller whom he sees on the television screen. She will answer his questions, cash checks and issuecurrency from his account.
In 1969 the first true ATM able to dispense cash via a magnetically encoded card appeared in a Long Island, NY, branch of Chemical Bank.
